US spot Bitcoin ETF ended 8 consecutive days of net outflows and recorded net inflows for the first time

Odaily News According to data from The Block, after experiencing eight consecutive trading days of net outflows, the U.S. spot Bitcoin ETF recorded a net inflow of US$94 million for the first time last Friday.
Net inflows came primarily from Ark and 21Shares' ARKB fund ($194 million) and Fidelity's FBTC fund ($176 million). However, those gains were offset by continued outflows from BlackRock's IBIT fund, which saw $244.5 million of outflows on Friday, bringing its total outflows for the week to $1.175 billion.
Geoffrey Kendrick, global head of digital asset research at Standard Chartered Bank, said last week: "While Bitcoin has performed relatively well in the digital asset space, it is now caught up in a sell-off driven by the Solana meme coin and broader risk aversion in the market." (The Block)